OIL makes hydrocarbon discovery at well Dinjan-l in Tinsukia PML in Assam

Oil India Limited (OIL), India's second largest National Exploration & Production Company, through its exploratory efforts has made 1 (one) Hydrocarbon Discovery at Well Dinjan-1 in Tinsukia Petroleum Mining Lease (PML) in the Upper Assam Basin during 1st half of FY 2020-21.

The well encountered multiple sands in Kopili, Narpuh and Lakadong+Therria formations with a total net pay of about 10 m. On testing, a 3-m Lk + Th sand at a depth of 3614 m, it produced gas @ 115,000 SCMD through 5 mm bean with FTHP - 3750 psi. This discovery will open up new areas for further oil & gas exploration in Assam and would help in enhancing the gas production with future appraisal & development activities.

Shares of OIL INDIA LTD. was last trading in BSE at Rs.91.75 as compared to the previous close of Rs. 91.9. The total number of shares traded during the day was 104766 in over 1199 trades.

The stock hit an intraday high of Rs. 93.3 and intraday low of 90.05. The net turnover during the day was Rs. 9636279.

Source : Equity Bulls

Keywords